Properties / 2518 W Missouri Avenue
VA ASSUMABLERate: 5.22%

2518 W Missouri Avenue

$309,995
Phoenix, AZ 85017
2 beds1 baths934 sqftSingle Family
The assumable advantage
5.22%
VA assumed rate
$59,920 interest already paid off
Estimated Loan Balance$285,216
Cash to close$26,042
Est. Monthly PITI$1,850
Initial Loan Amount$301,628
Time on site50 days
Remaining Term26 years, 1 month
Seller's equity (what you pay)
$24,779
Cash or secondary financing
Monthly savings
$158
Versus today's market rate
Est. savings per year
$2K
Versus today's market rate

About this home

Charming 1-story home featuring 2 bedrooms and 1 bathroom with a comfortable and functional layout. Enjoy vinyl and carpet flooring throughout, a bright kitchen with white cabinets, stainless steel appliances, and granite countertops. New Roof and AC summer 2026. Exterior features include a carport, driveway, front porch, RV gate and parking, plus a fenced backyard with a covered patio and storage shed. A great opportunity with practical indoor and outdoor amenities!

How assumption works for this home

Can I assume this VA loan?

Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.

How much cash do I actually need?

You need to cover the seller's equity of $24,779. If you don't have that in cash, we can help structure secondary financing to cover the gap.

Can investors assume this one?

Yes — VA assumptions can be used for investment properties. You can rent this home out.

How long does this take?

Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.

Property details

Bedrooms2
Bathrooms1
Square feet934
Property typeSingle Family
MLS #7038532
CountyMaricopa County
Assumable loanVA
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Investor?
This VA loan can be assumed and rented. Talk to Jeff about the ROI math.
Jeff Salazar
Active now · (602) 332-3860
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Payment & cash calculator

Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.

Est. mortgage payment (P&I)
$1,670/mo
Source est. payment (PITI)
$1,850/mo

P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.

Estimated equity gap$24,779

Asking price minus remaining loan balance. Closing costs are additional.

$0$24,779
Additional funds needed$0

The equity gap is covered. Closing costs and assumption fees still need to be confirmed.